Indian private equity firm Peepul Capital has invested in Indian herbal cosmetics manufacturer Vishal Personal Care, which manufactures over 80 skin and hair care products under the brand Banjara’s. Peepul invested the capital from its US$320 million Peepul Capital III fund, which it raised in 2010. Financial details of… Read More
Chinese investment firm Fosun Group has acquired a 20 percent stake in Taiwanese bakery Taiwan Vigor Kobo. Vigor Kobo integrates the tourism and food sectors, producing cakes that visitors from mainland China can take with them as souvenirs after visits to Taiwan. Through the investment, Fosun will support Vigor… Read More
Chinese private equity firm FountainVest Partners has closed its second China-focused fund with US$1.35 billion in commitments. FountainVest was reportedly able to raise the fund, FountainVest China Growth Capital Fund II, in eight months. The fund is larger than its US$950 million predecessor. FountainVest plans to invest between US$50… Read More
SSG Capital Management, an Asia-focused special situations investor, has closed its second special situations fund, SSG Capital Partners II, at its hard-cap of US$400 million. The fund, which was originally targeting US$300 million in commitments, held a first close at US$100 million in February and attracted investors primarily from… Read More
YPX Cayman Holdings, the operator of Chinese restaurant chain Cloud 9, has received an US$11.5 million investment from Chinese private equity firm LionRock Capital, U.S.-based venture capital firm Ignition Capital and Ignition’s Chinese affiliate, Qiming Venture Partners. YPX intends to operate 30 Cloud 9 restaurants, which specialize in Taiwanese… Read More
European private equity firm Permira has agreed to sell its remaining 5.9 percent stake in Chinese casino operator Galaxy Entertainment Holdings for US$870 million. The firm had previously sold parts of its stake Galaxy Entertainment in August 2011 for US$613 million and September 2012 for US$755 million. Following the… Read More
Warburg Pincus has invested INR2.7 billion (approximately US$49.7 million) in Indian financial services company Capital First, formerly Future Capital, for an additional 24.43 percent stake, raising its total stake in the company to 68.4 percent. The investment took place through a share purchase on the Bombay Stock… Read More
Global private equity firm Warburg Pincus has fully exited its investment in Greentown China, a Chinese residential property developer. Warburg reportedly sold shares amounting to a 4.86 percent stake in Greentown China on the public market for approximately US$54 million. Previously, Warburg partially exited the company through… Read More
Ronoc became a shareholder in TenGer Financial in 2008, and as of 2011, Ronoc holds 9.5% of share capital in the company. Company Headquarters: Mongolia Business focus: Financial services holding company IMPACT HIGHLIGHTS Ronoc’s team drew on their experience managing financial institutions in Eastern Europe and Russia to develop TenGer’s strategic vision, risk… Read More
U.S.-based venture capital firm Vivo Ventures has invested RMB190 million (approximately US$30 million) in Chinese pharmaceuticals company Shanghai Jingfeng Pharmaceutical. Vivo Ventures closed its seventh healthcare-focused fund at US$375 million in 2011 and plans to devote 45 percent of the fund’s capital to Chinese investments. Read More
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